China: Ferrous futures market remains volatile

Dalian iron ore futures today dipped marginally by 1.1% in today’s trading while the same in Singapore Exchange remained stable. On the other hand, rebar and HRC futures in Shanghai Futures Exchange remained range-bound. The closing prices of the most-traded iron ore and steel futures contract are as follows:

  • DCE iron ore Sep contract closed at RMB 982.5/t (-11)
  • SGX iron ore May contract closed at $164.65/t (-0.35)
  • SHFE rebar May contract closed at RMB 5,124/t (-3)
  • SHFE HRC May contract closed at RMB 5.490/t (-37)

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